#XAU
The spot price of gold increased by 0.9%. The price of this metal dropped to 5,004.61 dollars per ounce.
Tsikavo! The rise in gold was expected last Friday. This metal increased in price by 4%.
“There may be a very short-term internal correlation between the dollar and silver, as well as gold, which will lead to an increase in metal prices,” said OANDA senior market analyst Kelvin Wong.
What factors are important for the value of gold:
At the same time, the dollar is at its lowest level, starting from 4 p.m. This itself produced metals that were sold in dollars, which were cheaper for foreign buyers.
I'll drink more.
The potential Fed rate cut in 2026 is 25 basis points. There will probably be two girls. The first decline, according to current forecasts, will be in the red.
San Francisco Federal Reserve President Mary Daly said Friday that she thinks one or two more interest rate cuts may be needed to counter market weakness, she said.
How has the price of silver changed now?
Today's spot sales volume increased by 3.7%. An ounce of this metal reached 80.89 dollars.
Tsikavo! In the previous session, the price of wood increased by 10%.
The historical maximum for the average price was set on 24 September. The cost of this metal per ounce was 121.64 dollars, reports Reuters.
Since the price cannot reach the key support at $92.24 per ounce, I am not confident in the probability of the middle outgoing trend,” added Wong.
What happens to the prices of other high-value metals?
The spot price of platinum has dropped today. The won fell 0.7%. Now an ounce of this metal costs 2,081.23 dollars.
The price of paladium decreased by 0.3%. The price of this metal is 1,707.31 dollars per ounce.
